Costa Rica's IT and Communications chamber (Camtic)has announced that the information it has gathered so far for 2008 indicates that Costa Rica's ICT market as a whole has grown in spite of the global economic crisis.
Camtic organization president Alexander Mora said the value of Costa Rica's IT enabled services grew 50% last year, while software development increased 12%. On the other side of the coin, Camtic is expecting the value of the electronic component market to either fall or remain flat.
Mora said Camtic will wait until all data from 2008 is gathered before releasing its formal growth projections for this year. Still, he expects the ICT industry to grow in the vicinity of 10%.
Companies are setting up ICT operations in Costa Rica due to its economic, social and political stability, he said, adding that political instability in neighboring countries such as Nicaragua and Honduras and recent terrorist attacks in India are driving ICT investments from those countries to Costa Rica.
Growth is also expected to be spurred by several new investment projects planned for this year, including a new investigation center developed by Hewlett-Packard
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Wednesday, January 14, 2009
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